This study investigates the issue of whether part of the increase in total IRA contributions from 1997 to 1998 can be attributed to increased advertising due to the introduction of Roth IRAs in 1998. In this study, the use of a tax preparer will proxy for exposure to information regarding IRAs....

We examine implications of time-varying correlation and covariance between excess equity returns and consumption growth for the equity premium of the G7 countries. We find that the correlation and covariance are higher when there is a negative shock to labor income and a positive shock to...